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Category: Business

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Premier League should contribute more after collapse of Wembley sale | David Conn

Shahid Khan has withdrawn his £600m offer for the stadium so top-flight clubs need to do more to help fund grassroots gameSo Shahid Khan, the Fulham and Jacksonville Jaguars owner, has withdrawn his proposed £600m purchase of Wembley Stadium, which gre…

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Premier League should contribute more after collapse of Wembley sale | David Conn

Shahid Khan has withdrawn his £600m offer for the stadium so top-flight clubs need to do more to help fund grassroots gameSo Shahid Khan, the Fulham and Jacksonville Jaguars owner, has withdrawn his proposed £600m purchase of Wembley Stadium, which gre…

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Simone Biles upset over USA Gymnastics CEO’s anti-Nike tweet

Mary Bono drew over Nike logo after Kaepernick ad campaignUSA Gymnastics searching for permanent successor to PerryOlympic champion Simone Biles has expressed her dismay about an anti-Nike tweet from USA Gymnastics interim president and CEO Mary Bono.B…

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Colin Kaepernick files trademark for image of his hair and face

Move comes after Nike campaign featuring quarterbackImage could be used to market shampoo and jewelryColin Kaepernick has followed up his recent Nike campaign by taking steps to protect who can use his likeness going forward.Kaepernick, who s…

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Manchester United have been owned by the Glazers for 13 years. No wonder they’re struggling | David Conn

The Glazers’ takeover has drained more than £1bn out of United since 2005, not too far off the amount Sheikh Mansour has invested into CityAt Manchester United, the football club’s multilayered travails, the misery of the manager and the palpable sense…

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Uefa reopens financial fair play investigation into Paris Saint-Germain

• PSG had been cleared of breaking FFP rules in June• Uefa statement: case reopened ‘for further investigation’Uefa has announced it has reopened its investigation into Paris Saint-Germain’s finances, having previously cleared the club of breaking fina…

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Labour pledges ban on TV gambling adverts during live sports

Tom Watson announces a number of policies designed to tackle addiction ‘epidemic’ Gambling companies will be banned from advertising on television during live sports if Labour wins the next general election, as part of a crackdown designed to tackle an…

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Manchester City accounts show Sheikh Mansour has put £1.3bn into club

• Total in addition to £150m Mansour paid to buy the club• Club recorded £500.5m turnover and profit of £10m last yearSheikh Mansour bin Zayed al-Nahyan of the Abu Dhabi ruling family has spent more than £1.3bn directly investing into Manchester City s…

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Bolton avoid administration and points loss after creditor agrees deal

• BluMarble Capital Ltd had initially rejected Wanderers’ offer• Bolton chairman confirms that loan has now been repaidBolton have avoided administration after agreeing a deal to pay off their main creditor, Wanderers’ chairman has announced.Ken Anders…

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Nike releases full ad featuring Colin Kaepernick – video

Nike has unveiled its first ‘Just Do It’ ad narrated by Colin Kaepernick. The two-minute commercial highlights superstar athletes LeBron James, Serena Williams and others, and touches on the controversy of NFL players protesting against racial inequali…

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Nike releases full ad featuring Colin Kaepernick – video

Nike has unveiled its first ‘Just Do It’ ad narrated by Colin Kaepernick. The two-minute commercial highlights superstar athletes LeBron James, Serena Williams and others, and touches on the controversy of NFL players protesting against racial inequali…

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LeBron James backs Nike’s Kaepernick advert as Donald Trump renews NFL attack

President says company ‘is getting absolutely killed with anger’Serena Williams joins NBA’s James in supporting campaignDonald Trump and LeBron James once again find themselves on opposing sides of a national debate as the fallout from Nike’s decision …

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Colin Kaepernick is out of the NFL but he is more powerful than ever

Far from being forced to the sidelines of national debate since leaving the 49ers, the quarterback’s Nike campaign shows his voice cannot be ignoredMore than 20 months have passed since Colin Kaepernick played in an NFL game, but the most famous unempl…

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Amazon suspends reviews of US Open coverage after deluge of complaints

• Firm slammed amid first exclusive sport broadcast• Picture quality and lack of recording option criticisedAmazon has been flooded with so many complaints about its coverage of the US Open it has stopped disgruntled tennis fans from posting more bad r…

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Patrick Roberts reaping rewards of Girona’s complex City connection | Sid Lowe

Roberts will take on Real Madrid and Barcelona as Girona’s latest Manchester City loanee but the relationship between the two clubs isn’t always straightforwardPatrick Roberts did not have to wait long. Announced as Girona’s first brand new summer sign…

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Can Amazon ace it in the brutal arena of live sports broadcasting?

The company hopes coverage of the US Open will put it on equal footing to Sky, after failures by several streaming servicesWhen Andy Murray returns to Grand Slam tennis at this week’s US Open, he won’t be the only one with big-day nerves, as Amazon loo…

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What does Stan Kroenke’s takeover of Arsenal mean for the club?

Arsenal supporters have voiced fears about Stan Kroenke’s takeover – but are they right to be concerned? The first thing to note about Stan Kroenke’s takeover is that it cannot be stopped. The American already owns 67% and has secured an irrevocable co…

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Why Stan Kroenke’s sole ownership of Arsenal is worrying news for fans | Andrew Mangan

Once football clubs are bought, assets can be stripped or they can fall into disrepair – with nothing the fans can do to stop itFor some years now, Arsenal football club has been in an unusual ownership position. Two billionaires own 97.13% of the shar…

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Why Stan Kroenke’s sole ownership of Arsenal is worrying news for fans | Andrew Mangan

Once football clubs are bought, assets can be stripped or they can fall into disrepair – with nothing the fans can do to stop itFor some years now, Arsenal football club has been in an unusual ownership position. Two billionaires own 97.13% of the shar…

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Stan Kroenke makes £600m offer to buy ‘100% ownership’ of Arsenal

• Majority shareholder’s deal would value the club at £1.8bn• Ambition is ‘to compete consistently for Champions League’Arsenal’s majority shareholder Stan Kroenke has made a £600m offer to buy the whole of the Premier League club, which would take its…